RLJ Lodging Trust
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Small Cap ValueCompany profile

RLJ Lodging Trust is a self-administered real estate investment trust. The Company is engaged in the acquisition of focused-service and compact full-service hotels. As of September 6, 2018, the Company owned 152 hotels with 29,490 rooms, located in 26 states and the District of Columbia, and an interest in one mortgage loan secured by a hotel. Its hotels' brand affiliations include Residence Inn, Courtyard, SpringHill Suites, Fairfield Inn & Suites, Marriott, Renaissance, Hilton Garden Inn, Hampton Inn/Hampton Inn & Suites, Embassy Suites, DoubleTree, Homewood Suites, Hilton, Hyatt House, Hyatt Place and Hyatt/Hyatt Centric. Its operating partnership is RLJ Lodging Trust, L.P. Its properties include Courtyard San Francisco, Courtyard Boulder Longmont, Residence Inn Longmont Boulder, DoubleTree Grand Key Resort, Courtyard Atlanta Buckhead, Courtyard Chicago Southeast Hammond, Courtyard Louisville Northeast, DoubleTree Hotel Columbia and Residence Inn Detroit Novi.

Closing Price
$26.61
Day's Change
0.01 (0.04%)
Bid
--
Ask
--
B/A Size
--
Day's High
26.66
Day's Low
26.59
Volume
(Below Average)
Volume:
30,617

10-day average volume:
35,579
30,617

UPDATE: Roku shares have tripled this year but they just gained another bull

10:52 am ET June 5, 2019 (MarketWatch)
Print

By Emily Bary

Guggenheim upgrades to buy on hopes for digital-ad shift, improvements in monetization

Even with shares up more than 200% so far this year, Roku now looks like a "buy" to Guggenheim's Michael Morris.

He turned bullish on Roku's stock (ROKU) in a Wednesday morning note, arguing that there's more room to run as the hot streaming-media company continues to benefit from new over-the-top services as well as rising digital-ad spending.

"We recognize the heightened risk associated with the company's high relative valuation but believe that at its current $10.6 billion market capitalization, Roku's asset value is compelling given its strong and growing household penetration," wrote Morris, who raised his price target on the stock to $119 from $79 in conjunction with the upgrade.

See also: Roku stock gains after Needham boosts target to a Street-high $120 (http://www.marketwatch.com/story/roku-stock-gains-after-needham-boosts-target-to-a-street-high-120-2019-05-29)

Roku shares are trading at record-high levels, up 4.3% Wednesday.

Morris argued that the company's first-quarter results were "representative of the core trajectory for key metrics." One data point that stuck out to him was Roku's disclosure that its operating system was found in a third of all U.S. smart TVs sold during the period, up from "over 25%" the previous time Roku reported the statistic.

"Management once again expressed confidence that monetization of usage, which has lagged overall usage growth, is poised to follow consumer demand for streaming video," Morris wrote. "We assume continued growth in demand for addressable video advertising opportunities and display advertising as new product launches allocate meaningful marketing budgets to endemic advertising opportunities to drive adoption."

Don't miss: Everything coming to Netflix in June -- and what's leaving (http://www.marketwatch.com/story/everything-coming-to-netflix-in-june-and-whats-leaving-2019-05-29)

He expects the streaming-ad market to get a jolt "as growth in streaming volume and the higher advertising return on scaled, targeted video advertising becomes increasingly apparent."

Read: Disney could leave Georgia over abortion ban, CEO Bob Iger says (http://www.marketwatch.com/story/disney-could-leave-georgia-over-abortion-ban-ceo-bob-iger-says-2019-05-29)

Of the 17 analysts surveyed by FactSet who cover Roku's stock, nine have buy ratings, six have hold ratings, and two have sell ratings. Wall Street's generally rosy view of Roku shares recently sparked a downgrade (http://www.marketwatch.com/story/roku-stock-falls-after-stephens-downgrades-on-concern-that-even-the-bears-are-upbeat-2019-05-28) from an analyst at Stephens, who argued that even the analysts with the lowest estimates and ratings on the stock are upbeat, creating "real near-term risk."

The stock has climbed 50% over the past month, as the S&P 500 has fallen nearly 5%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

June 05, 2019 10:52 ET (14:52 GMT)

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